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Trade Operations Specialist

2 months ago


London, Greater London, United Kingdom Castleton Commodities International LLC Full time
Job Summary

Castleton Commodities International LLC is seeking a highly skilled Trade Operations Specialist - Exchange Clearing to join our team. As a key member of our operations team, you will be responsible for ensuring the smooth execution of exchange clearing activities, including daily validation of exchange positions, management of futures and options expirations, and collateral management.

Key Responsibilities
  • Exchange Position Management: Daily validation of exchange positions across various exchanges, including oil, gas, and power products.
  • Futures and Options Expirations: Manage futures and options expirations, including associated physical delivery and settlement.
  • Collateral Management: Oversee collateral management, including settlement of daily margin calls, margin analysis, optimization, and stress testing.
  • Transaction Cost Management: Process, reconcile, and settle transaction costs, including brokerage, and identify opportunities to reduce costs.
  • Trading Book Verification: Ensure all entries within the trading book are correct and verified against ICE, CME, and other exchanges.
  • Partnering and Collaboration: Partner with traders, exchanges, clearing brokers, and cross-functional teams to onboard new trading desks and platforms.
  • Reporting and Communication: Report listed options and futures expirations to trading desks and middle office, and provide ongoing support and communication to traders regarding market access, trade execution, and operational processes.
  • Product Enablement and Compliance: Collaborate with exchanges and clearing brokers on product enablement and compliance items to ensure smooth trading operations.
  • Daily Position Management: Monitor and report key metrics related to trading activities and performance.
  • Physical Delivery and Compliance: Support the physical delivery of futures and options, ensuring compliance with all regulatory and operational requirements.
  • Cost and Fee Management: Assist in the management and reporting of costs and fees related to exchange business, identifying areas for improvement and cost-saving initiatives.
  • Vendor Engagement: Engage with external vendors and stakeholders to enhance trade execution platform support and resolve operational issues.
Requirements
  • Education: Bachelor's Degree in Business, Finance, Accounting, Economics, or related field.
  • Experience: Minimum of 2 years' experience in commodity trading, preferably in an area covering exchange traded derivatives.
  • Skills: Ability to multi-task and prioritize effectively in a high-intensity environment, excellent problem-solving and numerical skills, and strong technical skills, including Python, SQL, and VBA.
  • Personal Qualities: Highest level of ownership and accountability, strong organizational and communication skills, and ability to work in a team-centered environment.
Employee Programs and Benefits

Castleton Commodities International LLC offers competitive benefits and programs to support our employees, their families, and local communities, including:

  • Competitive comprehensive medical, dental, retirement, and life insurance benefits
  • Employee assistance and wellness programs
  • Parental and family leave policies
  • Charitable contribution match program
  • Tuition assistance and reimbursement
  • Quarterly Innovation and Collaboration Awards
  • Employee discount program, including access to fitness facilities
  • Competitive paid time off
  • Continued learning opportunities